BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Holdings Cut by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) by 65.5% during the 4th quarter, HoldingsChannel reports. The fund owned 115,516 shares of the investment management company’s stock after selling 219,643 shares during the period. International Assets Investment Management LLC’s holdings in BlackRock Corporate High Yield Fund were worth $1,144,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in BlackRock Corporate High Yield Fund in the 2nd quarter worth about $184,000. Private Advisor Group LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 8.2% in the 2nd quarter. Private Advisor Group LLC now owns 234,970 shares of the investment management company’s stock valued at $2,277,000 after buying an additional 17,820 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in BlackRock Corporate High Yield Fund by 100.0% in the second quarter. Cullen Frost Bankers Inc. now owns 10,000 shares of the investment management company’s stock worth $97,000 after buying an additional 5,000 shares during the last quarter. Choreo LLC bought a new position in BlackRock Corporate High Yield Fund during the second quarter valued at approximately $518,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in BlackRock Corporate High Yield Fund in the second quarter valued at approximately $158,000.

BlackRock Corporate High Yield Fund Price Performance

HYT stock opened at $9.81 on Thursday. The firm has a 50 day moving average of $9.87 and a two-hundred day moving average of $9.86. BlackRock Corporate High Yield Fund, Inc. has a 12 month low of $9.21 and a 12 month high of $10.16.

BlackRock Corporate High Yield Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0779 per share. This represents a $0.93 annualized dividend and a yield of 9.53%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BlackRock Corporate High Yield Fund

BlackRock Corporate High Yield Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in bonds rated Ba or lower by Moody's Investors Service, Inc, or BB or lower by Standard & Poor's Corporation.